Overview

Offered by

Kevin Mccarthy

Senior Vice President

Colliers | Palm Beach

This listing was sold on 2022-02-17T16:19:44Z

Description

Colliers International is pleased to offer this unique opportunity to acquire the former Lincoln Culinary Institute, a ±26,959 SF twostory building located within the Metrocentre Corporate Park in West Palm Beach, FL. Offering a clear branding opportunity, the asset is positioned at the 45th Street and Interstate 95 Interchange and sits on four acres with unmatched exposure to the highway. The property is currently equipped with a total of eight commercial kitchens, multiple offices and classrooms and a large cafe area. The site has very liberal zoning which allows for a variety of possible uses and different options, including redevelopment. The site can accomodate a four-story 80,000 SF building with ample parking remaining for visitors and tenants.

The immediate area is comprised of a mix of commercial, medical, pharmaceutical and retail properties along the 45th Street corridor. The property is situated in the Villages of Palm Beach Lakes neighborhood, with both multifamily and single family residential homes surrounding the property’s location. The site’s strategic positioning presents the following advantages:

• Located along Interstate 95, one of the busiest north-south arterials in Palm Beach County
• Positioned in a growing area with a current population of 208,329 and an average income of $68,524 within a 5 mile radius
• Centrally located with easy access to Downtown West Palm Beach, Palm Beach International Airport and surrounding markets
• Located less than 1 mile from Florida’s Turnpike Interchange
• Excellent branding opportunity with visibility from Interstate 95
• Large four-acre parcel with redevelopment potential
• Abundant parking with 365 spaces (Ratio of 13.5 / 1,000 SF)
• 155,000 daily traffic count on the adjacent Interstate
• Zoning allows for a variety of uses that include: professional/medical office, assisted living facility, research and development, restaurant, business school, call center, hospitality and civic or religious use

Highlights

• Ideal Location
• Accessibility to Market Drivers
• A Business Magnet
• Primed for Business
• Abundant Amenities
• Latest Developments

Documents

Location

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